Garda awarded $300M contract

Canadian air transit authority renews contract with security firm


MONTREAL, QUEBEC, CANADA--(Marketwire - April 7, 2009) - For the second time since its initial contract with the Canadian Air Transport Security Authority (CATSA) in 2004, the Garda Security Group (TSX:GW), Canada's premier physical security company and leader in the management of airport security screening operations, is pleased to announce that CATSA and Garda have successfully negotiated a two (2) year extension to all of Garda's existing contracts for passenger and baggage security screening operations at 26 airports in Canada.

The contracts extension is for a two-year period from April 1, 2009 until March 31, 2011. The value of the contracts totals more than $300 million for the two-year extension period. Garda employs close to 3,000 professionals to perform its security screening services across the country.

"Garda is proud to contribute to Canada's national security," said Garda President and CEO Stephan Cretier. "Through this important partnership, we are committed to the safety and security of the traveling public."